MarineMax Inc (HZO)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 801,196 | 811,716 | 813,425 | 823,913 | 835,329 | 828,381 | 821,046 | 825,452 | 805,754 | 783,539 | 751,740 | 703,231 | 659,433 | 601,347 | 520,126 | 442,096 | 398,713 | 369,689 | 343,946 | 339,372 |
| Revenue (ttm) | US$ in thousands | 2,431,008 | 2,462,481 | 2,426,605 | 2,414,053 | 2,394,706 | 2,336,875 | 2,303,568 | 2,343,334 | 2,308,098 | 2,233,644 | 2,211,435 | 2,124,424 | 2,063,257 | 1,999,709 | 1,831,685 | 1,617,065 | 1,509,713 | 1,419,087 | 1,304,277 | 1,299,388 |
| Gross profit margin | 32.96% | 32.96% | 33.52% | 34.13% | 34.88% | 35.45% | 35.64% | 35.23% | 34.91% | 35.08% | 33.99% | 33.10% | 31.96% | 30.07% | 28.40% | 27.34% | 26.41% | 26.05% | 26.37% | 26.12% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $801,196K ÷ $2,431,008K
= 32.96%
MarineMax Inc's gross profit margin has shown fluctuating trends over the past few years. The margin has generally trended downwards from 35.64% in March 2023 to 32.96% in September 2024 before experiencing a slight increase to 33.52% in March 2024 and then a gradual decrease afterward.
The company's gross profit margin has ranged from a low of 26.05% in September 2020 to a high of 35.64% in March 2023. This variability indicates potential challenges in maintaining consistent profitability in their operations.
It is essential for MarineMax Inc to monitor and analyze the factors influencing its gross profit margin, such as changes in sales prices, cost of goods sold, and operating efficiencies, to ensure sustainable profitability and financial health in the long term.
Peer comparison
Sep 30, 2024